The global outstanding CLO market is now estimated to stand at about $750 billion, while the CDO market in 2007 before the crisis came to $640 billion… Read More Booming Securitized Loan Market Has Echoes of Financial Crisis, BIS Warns
And it has now sped up beyond our means to control it… Read More It’s the Pace of Change That Kills You
Almost all corporate media outlets have corporate parents with publicly traded stock – which means they have a vested (read deeply conflicted) interest in keeping Americans content to be invested in the stock market.… Read More Is Corporate Media Tricking the Public with Reports that the Stock Market Is Setting New Highs?
Distracted by Hong Kong social unrest and focused on yield curve inversions and negative yields worldwide, it is not surprising the ‘average joe’ investor is missing the real forest fire for the trees… Read More Forget The Yield Curve, It’s Argentina’s Collapse That Highlights The Market’s Biggest Problem
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust… Read More The Next Recession Is Going to Be Brutal
“The risk that Chinese policy makers lose control is very high indeed, not just in relation to the risk of capital flight such as we saw in 2016, but also the clear and present vulnerability of the banking sector that we have witnessed in recent weeks”… Read More Albert Edwards: “Chinese Authorities Lost Control Of The Situation Back In 2015”
News about Americans’ dire financial straits turns into a credit card commercial… Read More Can’t Afford a Vacation? Get Another Credit Card!
The bank holding companies of those same five banks as of March 31, 2019 are sitting on unthinkable levels of derivatives. … Read More U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday
“China has the second-highest number of flashing early warning indicators after Hong Kong.”… Read More How Close Is China To A Financial Crisis?
The markets are showing disconcerting parallels with late 2007… Read More Is There a Stealth Financial Crisis? Alarm Bells Are Ringing.
To wrap your mind around the concept of a “bad bank,” you have to look at what Citigroup did in January 2009… Read More The Fed and Wall Street Begin to Worry About Deutsche Bank’s “Bad Bank” Idea
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus… Read More Bad Loans Still Too High at Eurozone Banks, ECB Warns